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Tuesday, Sept. 6, 2011 RSSSEND TO A FRIENDPRINT
Inside This Issue
Toyota to End Camry Imports from Japan
Subaru Plans Products with U.S. in Mind
Automotive Recyclers Association Urges Congress to Pass NMVTIS Following Hurricane Irene
Volkswagen-Suzuki Alliance Unraveling Amid Feud
Fiat's Retro Return
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Top 5 Stories
Toyota to End Camry Imports from Japan

Toyota Motor Corp. plans to halt exports of its Japan-made Camry sedan to North America following the launch of the redesigned version this fall. The phase out of imported Camrys, which currently account for just a sliver of U.S. sales, comes as the company races to boost local production to offset exchange rate losses. “The current U.S. production capacity is sufficient to produce the vehicles we plan to sell,” says Yukihiro Okane, chief engineer for the seventh generation Camry, which went on sale in Japan on Sept. 5 and hits U.S. showrooms later this month. “North America will be self sufficient,” he said. Toyota is targeting annual U.S. sales of 360,000 Camrys, and the car will be manufactured at Toyota’s factory in Georgetown, Ky., as well as Subaru’s factory in Indiana.
Source: Automotive News

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Subaru Plans Products with U.S. in Mind

Subaru plans to roll out three new vehicles over the next three years: the BRZ coupe developed jointly with Toyota, a hybrid and a compact crossover. Subaru executives say vehicles are being developed for the U.S. market rather than for Japan because the company can make a bigger profit in the United States. Takeshi Tachimori, CEO of Subaru of America, said models previously targeted for Japan weren't big enough or properly equipped to compete in the United States. The 2012 Impreza that goes on sale in November is the last of Subaru's four core U.S. models to be redesigned for this market.
Source: Automotive News

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Automotive Recyclers Association Urges Congress to Pass NMVTIS Following Hurricane Irene

As a result of Hurricane Irene and historic flooding in across the eastern seaboard, vehicles in Connecticut, New Jersey, New York, North Carolina, Virginia and Vermont have been submerged in water. Now more than ever, it is essential that the National Motor Vehicle Title Information System (NMVTIS) be fully implemented and the underlying statute enforced to help prevent the unknowing sale of these flood-damaged vehicles. NMVTIS, a national electronic system that provides consumers with valuable information about a vehicle's condition and history, can play a crucial role in helping ensure that these flood-damaged vehicles are not sold to unsuspecting consumers in the used-car market. ... fraudulent and unsafe practices can only be stopped if all states participate fully in NMVTIS and all "individuals" and "entities" that are required to report to the system are held accountable. "Regrettably, DOJ has limited resources to do this. Congress should intercede and permit individual state enforcement agencies to work more closely with DOJ to identify and implement efficient methods to increase participation..." [said Michael E. Wilson, CEO of the Automotive Recyclers Association.]
Source: Automotive Body Repair News

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Volkswagen-Suzuki Alliance Unraveling Amid Feud

A tiff that started over Volkswagen AG's description of Suzuki Motor Corp. in its annual report has escalated into a spat threatening to unravel the two automakers’ planned alliance before the partnership ever gets going. “Volkswagen is not talking to us,” Osamu Suzuki, the Hamamatsu City, Japan-based company’s chairman, said in an interview. “We have no plans to talk to them.” The downward spiral began in March when VW said in the report that it could “significantly influence financial and operating policy decisions” at Suzuki, describing the Japanese company as an “associate.” That didn’t sit well with Suzuki. The two since then have engaged in a public feud that has brought to a halt VW’s efforts to turn a 222.5 billion-yen ($2.9 billion) investment into an operational alliance.
Source: Bloomberg

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Fiat's Retro Return

Fiat, the Italian auto company, is getting a rare second chance to make a good first impression among American car buyers. Fiat’s 101st dealership — the carmaker calls them “studios” and many are nestled in fashionable shopping districts rather than on sprawling suburban lots — opened on Wednesday in Miami, and the full network of 130 across the country is expected to be in operation by year’s end. Even with the early excitement, there have been problems. Filling in Fiat’s dealership network has taken longer than the company anticipated, and sales in the early going fell short of expectations. But many of the new Fiat dealers predict the kinks will be worked out. Dealers, most of whom also sell the four domestic brands in Chrysler’s stable, report numerous 500 buyers have traded in cars from Toyota, Honda, Mini, Volkswagen and even foreign luxury brands like Lexus.
Source: The New York Times

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More articles

Sept. 2 - Chrysler, Nissan, GM Lead Industry to 8% Gain

Sept. 1 - Carmakers to Report August Sales

Aug. 31 - Strong Autos Drove July Factory Orders Up 2.4%

Aug. 30 - East Coast Dealerships Relieved, Wary After Hurricane Irene

Aug. 29 - NADA Study Crunches Numbers on Store Renovations


"The current U.S. production capacity is sufficient to produce the vehicles we plan to sell. North America will be self sufficient."

-- Yukihiro Okane, chief engineer for the seventh generation Toyota Camry, referring to automaker's plans to halt exports of its Japan-made Camry sedan to North America following the launch of the redesigned version this fall, Automotive News, Sept. 6

Update on Adverse
Action Requirements


NADA Foundation:
A Success Story

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NADA U Webinars
-- Sept. 7 at 1 p.m., EDT: “Increase $10,000 Per Month Per Advisor Immediately,” presented by Jeff Cowan, NADA U Partner and president, Jeff Cowan’s Pro Talk, Inc.

-- Sept. 21 at 1 p.m., EDT: “Implementing the Four Essentials to 100% Absorption,” presented by Don Reed, NADA U Partner and CEO, DealerPro Training Solutions

Call 800.557.6232 to learn more and register.

Convention News
Discounted Registration Rates End Sept. 9

Discounted registration rates for the 2012 NADA/ATD Convention & Expo in Las Vegas end at midnight (EDT) Friday, Sept. 9. After that, rates will increase $25 in each registration category. (Children under 18 are free). Hotels are also filling up fast. The Encore at Wynn, the Wynn and Bellagio have already sold out. Register today to take advantage of early registration discounts and to reserve a room at any of the 11 remaining hotels in NADA's block. Convention registration is now open online.

Foundation News
NADA Foundation Program Reaches 500th Ambassador
Seats Available in Five Remaining Academy Classes of 2011

NADA 20 Groups for Fixed Ops Managers Meeting this Fall; Controllers/CFO Groups Now Forming

HP's Small but Mighty PC

Save More Than 50% on Lenovo in September

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